USD/JPY further upside still on the cards – Danske Bank

Mathias Mogensen, Analyst at Danske Bank, sees further upside is likely in the near term.

Key Quotes

“USD/JPY closed in on 1.12 again following relatively dovish minutes from the latest Bank of Japan meeting, which essentially highlighted that any exit, the discussion of which has surfaced recently, remains ‘considerably distant’.

“We look for USD/JPY to edge a tad higher in coming months on general USD weakness and a continued lack of price pressure in Japan”.

Jun 27, 2017

EUR/USD room for an extension to 1.1150 – UOB

The pair keeps the neutral bias in the near term, leaving the door open for a test of the mid-1.1100s in the near term, suggested FX Strategists at U

BoE to raise the required capital buffer for UK banks to 1% in Nov - BBH

In an important development today, the Bank of England's announced that it will raise the required capital buffer for UK banks from 0.5% now and to 1.